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Buying used can be a great way to save money on a great vehicle,
and whether you're pro-used car or anti-used car, you can't
debate the fact that used cars lose a great deal of their value
within the first few years of ownership.

Nowhere is this especially true than with used luxury vehicles,
which lose much more of their value over the first 5-6 years than
an economy vehicle does over the same period. If you're looking
for leather interiors and seat warmers, used may be a great
option.

The blog Carsabi has the
data to back up this assertion, as well as some other helpful
used car shopping tips to help you make the most of money when
you go to buy your next vehicle.

They point out that compared to a car like a Toyota Camry, a Mercedes-Benz E320 loses a much
larger percentage of its value (approximately $12,000/year) over
the same period despite its higher price. For the buyer, that
means that the car you've always wanted with all of the features
you want may be available—just a little older than you may have
initially thought.

Yes, as some of you have noted, you should take total cost of
ownership into account when shopping for any vehicle. That luxury
car you got a great deal on will have luxury-priced repair and
maintenance costs.

Carsabi also notes that not bothering to trade in your old
vehicle, getting a vehicle history report, and finding an OCD
mechanic to lend a hand can also save you serious money before
you buy. Do you have any other ways to save money when you go
shopping for used cars? Share your tips in the comments below.